CCM,
To date this has been a really dumb idea, even with a 0.18 dividend the stock is way down.
However, the just announced a $20 million buyback, which is 13% of market cap and 1/3 of float. No guarantee they will buy it all back, but they did complete a buyback last year, and just paid a special dividend.
CCM is a Chinese smallcap listed in the US, but I think it is legit. First, it had a sponsored IPO with JP Morgan and Morgan Stanley, not a reverse merger. Second, there is almost no short interest. Actually, there is no interest at all, even after the big buyback announcement. There are few Yahoo postings, no recent Seeking Alpha articles, etc. I have found that this is usually the best time to buy -- when nobody cares. Third, the company is putting its money where its mouth is. For me, the clearest sign of a scam is that the company won't buy back stock (or only token amounts) when the ratios are "no-brainer" cheap.
That being said, this is not a widows and orphans stock. I cannot guarantee that the company is not a fraud. You could lose all your money. Also, see my prior post on the stock.
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